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Energi Mega Persada (“ENRG”) a company focused on developing and exploring the upstream oil and gas in Indonesia was founded. [6] Bakrie Group also acquired 80% of the coal mining company PT. Arutmin Indonesia (Arutmin) from BHP Minerals Exploration Inc, and PT Kaltim Prima Coal from (British Petroleum (BP) and Rio Tinto, in 2003. [7]
PT United Tractors Tbk (also known as UT or UT Company) is an Indonesian company, subsidiary of PT Astra International Tbk ("Astra") that operates in six business lines, namely Construction Machinery, Mining Contractor, Coal Mining, Gold Mining, Construction Industry, and Energy.
In 2001, Asia Pulp & Paper (APP), the subsidiary of Sinar Mas, called a standstill on $14 billion worth of bonds and loans and stopped repaying its debt, including interest payments, in what is still the largest default to foreign investors in Asian market history. [5]
The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family holds majority ownership. Its assets include Indofood Sukses Makmur, [a] the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation. [1]
PT Kaltim Prima Coal (KPC): operates approximately 90,000 hectares of coal mining concessions in East Kalimantan province. PT Arutmin Indonesia: operates approximately 70,000 hectares of coal mining concessions in South Kalimantan. PT Fajar Bumi Sakti: manages a total concession area of 8,250.5 hectares in East Kalimantan.
Judging from the size of the territory, West Kalimantan is Indonesia's third largest province by area, after Papua (421,891 km 2) and Central Kalimantan (152,600 km 2). The largest regency is Kapuas Hulu (31,318 km 2 or 21.3 percent of the provincial area), followed by Ketapang (30,019 km 2 or 20.4 percent) and Sintang (22,026 km 2 or 15.0 ...
Widjaja was born Oei Ek Tjhong (c. 1921 [a] –2019, born in Quanzhou, China as Oei Ėk-Tjhong) [7] He was the son of a Celebes-based trader. [8]Around 1930, he and his mother moved to Indonesia–then the Dutch East Indies–to join his father who had already settled in Makassar, Sulawesi, and he started helping his father to run a small shop.
Tapin Regency is one of regencies in the Indonesian province of South Kalimantan. The regency was created on 14 July 1965 by splitting off the districts which had until then comprised the southern part of South Hulu Sungai Regency. The regency's motto is "Ruhui Rahayu", and this is also shared by another Indonesian province (East Kalimantan).